Road Infrastructure Development Company of Rajasthan (RIDCOR), which is a 50:50 joint venture between Infrastructure Leasing & Financial Services and Rajasthan government today said it has tied up Rs 814 crore for the seven big size road projects in the state.
"RIDCOR has achieved financial closure for seven road projects under the Mega Highways Project in Rajasthan," IL&FS Transportation Networks, which holds stake in RIDCOR, said.
The cost of the project (seven roads project) as per loan agreements is Rs 814 crore.
Allahabad Bank is one of the main bankers for the loan agreement.
The project is on toll basis with a concession of 32 years, including construction period of two years.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app